FGI Industries Ltd. (NASDAQ:FGI) Short Interest Up 136.1% in October

FGI Industries Ltd. (NASDAQ:FGI) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 126,800 shares, an increase of 136.1% from the October 15th total of 53,700 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is currently 2.7 days. Currently, 4.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FGI Industries stock. Perritt Capital Management Inc. boosted its position in shares of FGI Industries Ltd. (NASDAQ:FGI) by 21.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,000 shares of the company’s stock after acquiring an additional 12,385 shares during the quarter. Perritt Capital Management Inc. owned 0.73% of FGI Industries worth $104,000 at the end of the most recent reporting period.

FGI Industries Trading Up 0.1 %

Shares of NASDAQ:FGI traded up $0.00 during midday trading on Wednesday, reaching $0.76. 140,741 shares of the company’s stock traded hands, compared to its average volume of 21,777. FGI Industries has a one year low of $0.70 and a one year high of $1.85. The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.94.

FGI Industries (NASDAQ:FGI) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $36.10 million for the quarter, compared to the consensus estimate of $30.80 million. FGI Industries had a positive return on equity of 0.35% and a negative net margin of 0.27%. During the same period in the prior year, the company posted $0.05 earnings per share. Sell-side analysts expect that FGI Industries will post -0.01 earnings per share for the current year.

FGI Industries Company Profile

FGI Industries ltd. supplies kitchen and bath products in the United States, Canada, Europe, and internationally. The company sells sanitaryware products, such as toilets, sinks, pedestals, and toilet seats; wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry, medicine cabinets, and other storage systems; shower systems; and customer kitchen cabinetry and other accessory items under the Foremost, avenue, contrac, Jetcoat, rosenberg, and Covered Bridge Cabinetry brand names.